1.

It states that as the price of the commodities increase the amount of goods the
consumer is willing to purchase decrease and as the price of the commodities decrease
the willingness of the consumer to buy increases and other factor remain constant. –
Law of Demand
2. Arranged according to its establishment during the American Regime:

1. The Commonwealth Government

2. The Military Government
3. The Civil Government
- 231
3. What was the name of the Filipino soldier who led the Cavite Mutiny of 1872? – Sgt.
Lamadrid
4. In the opening of the free trade, if world prices of a good are less than domestic prices
of that same good, - domestic prices will drop to the world price level.
5. In a competitive market, efficient allocation of resources is characterized by ________.
- the largest possible sum of consumer and producer surplus.
6. Who is considered the founder of Philippine socialism? – Isabelo de los Reyes
7. Which of the following former presidents died in a plane crash? – Ramon Magsaysay
8. What are the two known written codes during the pre-Spanish era in the Philippines?
– Maragtas and Kalantiaw Codes
9. Who was the first Filipino president (1915-1920) of the University of the Philippines?
– Igancio Villamor
10. What was the secret society founded in 1896 that precipitated the glorious revolution
against the Spaniards. – The Katipunan
11. What theory asserts that the early states must have been formed by deliberate and
voluntary compact among the people to form a society and organize government for
their common good? – Social Contact Theory
12. There were four social classes of people in the pre-colonial barangays. They were the
nobles, freemen, serfs, and the slaves. – Both statements are true & correct
13. Who is the Filipino historian who claimed that there was no Philippine history before
the execution of the three nationalists priests? – Teodoro Agoncillo
14. Who was the hero of the Battle at Tirad Pass? – Gregorio del Pilar
15. “We, the sovereign Filipino people, imploring the aid of Almighty God , in order to
build a just and humane society and establish a government that shall embody our
ideals and aspirations, promote our common good, conserve and develop our
patrimony, and secure to ourselves and our posterity the blessings of independence
and democracy under the rule of law and the regime of truth, justice, freedom,
equality and peace, do ordain and promulgate this Constitution.”

16. What part of Constitution is this? –The preamble

What are the forms of government in which the political power is exercised by a few
privilege class. – Oligarchy & Aristocracy
17. Who wrote the “Kartilla”, considered the ‘bible’ of the Katipunan movement? –
Emilio Jacinto
18. The pre-colonial Philippines has no established government. Its villages and
settlements were called barangays. – Both statements are true and correct
19. What is the process by which the productive capacity of the economy is increased over
time to bring about rising levels of national output and income? – Economic growth
20. What is the pseudonym used by Pablo Faced? – Laong Laan
21. A deliberate attempt to recognize and transform existing agrarian system with the
intention of improving the distribution of agricultural incomes and thus fostering
rural development. - Land Reform
22. What was the name of Diego Silang’s wife, who continued the revolt against the
Spaniards in the Ilocos region after Diego’s death? – Gabriela
23. Government exists and should continue to exist for the benefit of the people. – The
statement is a general truth
24. After the death of her husband Andres Bonifacio, Gregoria de Jesus was later married
to whom? – Julio Nakpil
25. The problem of scarcity _____. – exists bec. Of limited resources
26. Who was the first woman councilor of Manila? – Carmen Planas
27. The first political party in the Philippines organized on December 23, 1900 by wealthy
Filipino illustrados. – Federal Party
28. In 1851, the first commercial bank in the Philippines and the far East, was established.
What is the present name of this bank? – Bank of the Philippine Islands
29. Who was the last Sultan of Sulu? – Jamalul Kiram II
30. An individual’s demand curve - represents the various quantities that the consumer is
willing to purchase of a good at various price levels.

is derived from an individual’s indifference curve map.

will shift if preferences, price of other goods, or income change
31. In general, microeconomic theory assumes that the firms attempt to maximize the
difference between ______. - total revenues and economic costs.
32. Who led the longest revolt in the Philippines during the Spanish times? – Francisco
Dagohoy
33. The Constitution used by the Philippine government from the commonwealth period
until 1973. – The 1935 Constitution
34. Which characteristic applies to the kind of government during the Spanish period? –
Highly Centralized
35. It refers to the community of persons more or less numerous, permanently occupying
a definite portion of territory, having a government of their own to which the great
body of inhabitants render obedience, and enjoying freedom from external control. –
State
36. What is the first city to be established in 1565 in the Philippines? – Cebu
37. A system whereby the determination of exchange rate is left solely to the market
forces. – Foreign exchange liberalization
38. It is also known as the Comprehensive Agrarian Reform Law (CARL) – Republic Act
6657
39. All are possible results when a high population growth rate continues in the Third
World except – increased gross national product
40. What was the civil government established during the Japanese occupation of the
Philippines? – The Philippine Executive Commission
41. It is defined as written instrument by which the fundamental powers of the
government are established, limited and defined and by which these powers are
 distributed among the several departments or branches for their and useful exercise
for the benefit of the people. – Constitution
42. A de facto government acquires a de jure status when it gains wide acceptance from
the people and recognition from the community of nations. – The statement is true
and valid
43. Price controls _______. – create shortages
44. World: Nile River; Philippines: _____ - Cagayan River
45. Arranged the sequence of governments during the revolutionary era:
1.TheDictatorialGovernment
2.TheRevolutionaryGovernment
3.TheBiak-na-BatoRepublic
4. The First Philippine Republic
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46. Who was the ‘Great Dissenter’? – Claro M. Recto
47. All of the following constitute the meaning of political science except: - Common
knowledge every events taking place in the society
48. Under the Spanish colonial government, who directly governed the
Philippines? The King of Spain
49. The excess burden of tax is ____. - The loss of consumer and producer
surplus that is not transferred elsewhere.
50. What are the four elements of state? - people, territory, sovereignty,
government
51. It refers to the agency through which the will of the state is formulated,
expressed and carried out. – Government
52. Who was called “The First Filipino Diplomat” ? – Felipe Agoncillo
53. Which of the following demonstrates ethnocentric behavior? - A tourist
lectures his foreign hosts on the “uncivilized” nature of their marriage
customs
54. Who created the designs for the Philippine national flag? – Emilio
Aguinaldo
55.“If an individual is to maximize the utility received from the
consumption, he or she should spend all available income…” This
statement assumes ________. - that saving is impossible; that the
individual is not satiated in all goods.
56. Who has the authority to interpret the constitution? - Private individual;
Courts; Legislative and Executive departments of the government
57. What is the name of Filipino armed contingent that helped the
Americans capture Aguinaldo? – Macabebe Scouts
58. A kind of tax based on the rate of which decreases as the tax base or
bracket increases. – Regressive
59. Who was the chief advisor of Gen. Emilio Aguinaldo? – Apolinario
Mabini
60. She was the first woman member of the Katipunan (July 1893). –
Gregoria de Jesus
61. Which of the following is the nature of power of taxation? - It is inherent
in sovereignty.; It is legislative in nature.; It is subject to constitutional and
inherent limitations.
62. He founded the Socialist Party of the Philippines in 1929, which merged
with the older Communist Party of the Philippines(PKP) in 1939. –
Pedro Abad Santos
63. If more and more labor is employed while keeping all other inputs
constant, the marginal physical productivity of labor _____. - will
eventually decrease.
64. He was also known as Hermano Pule. - Apolinario de la Cruz
65. What kind of government was installed under the 1973 Constitution
under the Marcos regime? - Modified Parliamentary system
66. Who was the Spanish governor-general who ordered the deportation of
Jose Rizal to Dapitan? - Gov. Gen. Eulogio Despujol
67. Which countries pursue sovereignty claims to the Spratly Islands as a
whole and not to specific parts alone? - China, Vietnam, Taiwan
68. What is a firm? - Any organization that turns inputs into outputs
69. Agrarian reform program, Philippine experience is a success. – untrue
70. The first woman to top the Philippine BAR Examination. – Tecla San
Andres Ziga